AI in Agriculture Market Business Analysis, Growth and Forecast ReportPosted by Devanshu Shrivastava on April 1st, 2021 Farmers in many countries are increasingly using drones for monitoring the growth and health of crops, assisting in crop irrigation schedules, applying fertilizers, estimating yield data, and scanning soil health. Moreover, the enactment of government initiatives in several countries regarding the usage of drones for modernizing agricultural processes is further boosting the market advancement.
Depending on type, the AI in agriculture industry is divided into service and product. Between these, the product category recorded higher growth in the market in the past years. Moreover, the growing usage of AI-based software is predicted to fuel the progress of the product category in the market in the forthcoming years. This category is further subdivided into software and hardware, between which, the latter held higher market share during the last few years.
Geographically, the AI in agriculture market will demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the market research firm, P&S Intelligence. This will be a result of the mushrooming rate of adoption of various smart agriculture methods such as the usage of agricultural robots, precision farming, and drone analytics and the growing public awareness about AI-integrated farming processes, especially in the developing countries of this region such as China, India, Thailand, and Indonesia.
Hence, it is safe to say that the market will soar all over the world in the forthcoming years, mainly because of the rising requirement for higher crop productivity and yield and the growing usage of drones in the agriculture sector across the world
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